Comment by JohnSPon Oct 01, 2025 4:21pm
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Post# 36734849
RE:Just came across this little gem.
RE:Just came across this little gem. 1) Backdrop, declining oil & gas prices, mass oilpatch layoffs.
2) 15% lower Canadian drilling rig count YoY means less # jobs, means lower rates, means lower profits.
3) No share buybacks since July 2025, steady selling by BoD Head and company founder John Hooks.
Disclosure: 5% of portfolio in #PHX.TO.